VANCOUVER, BC / ACCESSWIRE / August 1, 2016 / Leveraged Buyout Corporation (“LBOC”) announced today that it intends to commence a tender offer to the shareholders of YaSheng Group (“HERB”) (OTC: HERB) to purchase up to 81,000,000 shares of HERB’s Common Stock at a purchase price of $11.00 per share.
The offer will require that each shareholder deliver at least 51 of each 100 share owned.
LBOC targets to own approximately 51% of the issued and outstanding shares of HERB Common Stock.
The offer price of $11.00 per share represents an extraordinary premium over market value for 6 reasons:
- HERB is trading at a deep discount based on its earnings, and;
- Payment is in the form of corporate notes that will pay interest in OTCcoin (OTX) a new digital currency that rides on the rails of the Bitcoin blockchain, and;
- The notes will mature in 10 years with annual interest payable at the rate of 1 OTX per $1 face value.
- OTX is thinly trading on international cryptocurrency exchange C-CEX
- Notes are to be backed by the shares tendered and held in safe keeping by HERB’s transfer agent.
- LBOC is a newly formed entity.
Important Information about the Tender Offer
LBOC has not yet commenced the tender offer referred to in this press release. This press release does not constitute an offer to buy or solicitation of an offer to sell any securities. This press release is for informational purposes only. The offer to purchase the shares of HERB Common Stock from its shareholders and the solicitation of the shares will be made only pursuant to the offer to purchase and the related letter of transmittal, which are expected to be mailed to HERB shareholders shortly after commencement of the tender offer subject to the rules and regulations of the Securities and Exchange Commission.
LBOC is a subsidiary of a holding company whose principal holdings include digital currency and related assets. LBOC was formed to capitalize on companies whose market cap is deeply discounted in the markets from the tangible values. As its name reveals it seeks to buy out controlling interests on leverage utilizing cashless financing.
YaSheng Group is a U.S. holding company and conducts business operations in China. The Company, through its subsidiaries, operates in agriculture, livestock, and biotechnology. YaSheng specializes in developing, processing, marketing, and distributing a variety of food products grown in North West China.
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The forward looking
statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and involve substantial risks and uncertainties. These risks and uncertainties include, but are not limited to,
those relating to the contemplated tender offer described in this press release, including uncertainty about the timing of the tender offer, that, if
the tender offer is commenced, the conditions to closing the tender offer may not be satisfied, uncertainties as to the amount of shares that will be
tendered in the tender offer and LBOC’s ownership interest in YASHENG Group following the tender offer, risks relating to the continued listing of YASHENG
Group’s Common Stock on the OTC Markets Stock Exchange and the continued status of YASHENG Group as an SEC reporting
company, and the risk that the expected benefits to LBOC from the tender offer may not be realized or maintained. LBOC cautions that the foregoing factors are
CONTACT : info@LBOCorp.com
SOURCE: Leveraged Buyout Corporation